Monday.com's Price Target and Market Performance Analysis

Font: Financial Modeling Prep  • Aug 11, 2025

• Oppenheimer analyst Ittai Kidron sets a new price target of $300 for Monday.com (NASDAQ:MNDY), indicating a potential increase of about 72.29%.
• Despite strong Q2 earnings and raised guidance, Monday.com's stock experienced a significant decline, attributed to cautious Q3 guidance and concerns over operating margins.
• Monday.com's full-year revenue guidance increase reflects the success of its new AI tools, amidst challenges like changes in Google's algorithm and rising operating costs.

On August 11, 2025, Ittai Kidron from Oppenheimer set a price target of $300 for Monday.com (NASDAQ:MNDY). At the time, the stock was priced at $174.13, suggesting a potential increase of about 72.29%. This target was revised down from a previous $350, reflecting a more cautious outlook amid recent market developments.

Monday.com, a cloud-based software platform, recently experienced a significant stock decline of 30%, despite reporting strong earnings and raising its guidance. The company reported second-quarter earnings of $1.09 per share on revenue of $299 million, surpassing expectations. However, the stock plummeted 26.4% to $182.55, marking its worst single-day drop since February 2022, as highlighted by Schaeffer's Research.

The decline in MNDY's stock price is attributed to the company's cautious guidance for the third quarter. Monday.com projected Q3 revenue between $311 million and $313 million, slightly below analyst expectations at the midpoint. Additionally, the operating margin for Q3 is anticipated to decrease to 11% to 12%, down from 15% in Q2, which may have contributed to investor concerns.

Despite the stock's recent decline, Monday.com raised its full-year revenue guidance to a range of $1.224 billion to $1.229 billion, slightly above the Wall Street consensus of $1.22 billion. This increase highlights the success of its new artificial intelligence tools, which have been a key driver of growth. However, changes in Google's algorithm and rising operating costs are factors affecting the market's perception of the company's future performance.

Eliran Glazer, Monday.com's CFO, expressed optimism about the company's performance, emphasizing their focus on efficient growth. Despite these positive remarks, shares of Monday.com fell 26.9% to $181 following the earnings report. The stock has fluctuated between a low of $173.20 and a high of $189.36 today, with a market capitalization of approximately $8.84 billion.